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List of Canadian retail closures (21st century) Throughout the 21st century, retail businesses in Canada have felt the pressures of foreign store expansions into the country, as well as a shift towards online retail. As a result, closures have been a mix of stores unique to the nation, as well as newcomers like Target Canada .
Polymer Corporation – sold to NOVA Corp and then Bayer AG. Radio Shack (Canadian division) – electronics store. Seagram – spirits and wine. Target Canada – closed because of a $2.1 billion loss for Target Corporation. Terra Transport. Towers Department Stores – department store chain; acquired by Zellers.
On March 1, 2018, Best Buy announced that it would close all 250 Best Buy Mobile stores in the United States by the end of May 2018. However, none of the Mobile locations in Canada were impacted by the US closures. [47] Blockbuster Inc. filed for bankruptcy in 2010; nearly all of its locations closed within years.
The Body Shop has shut down all of its US-based operations and will be closing dozens of Canadian store locations as it files for bankruptcy. In a news release earlier this month, the UK-based ...
Closed in 2023. Bed Bath & Beyond is an American big-box retail chain specializing in housewares, furniture, and specialty items. Headquartered in Union, New Jersey, the chain operates stores in the United States and Canada, and was once counted among the Fortune 500 and the Forbes Global 2000.
The company filed for bankruptcy in 2017 and 2018, closing all of its stores in the US, UK, and Australia, with the last US stores closing in 2021. Operations in other international markets such as Asia and Africa were less affected, but chains in Canada, parts of Europe and Asia were eventually sold to third parties.
One store was transferred to The Bay and four others were going to be sold or closed. The transaction was met with strong opposition from the New York-based F. W. Woolworth Company (owner of the Woolco stores in Canada) which also wanted to purchase the chain. In April 1991, 47 of the Towers/Bonimart stores were rebranded into the Zellers banner.
Index (retailer) Index was a catalogue retailer in the United Kingdom, that was owned by Littlewoods from 1985 until 2005. Many Index stores were attached to Littlewoods stores. It was a well known retailer in the 1980s and the 1990s, but sales declined in the noughties and it lost many customers to its main rival, Argos .